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EN
The article focuses on the restructuring proces of productive decentralization of firms which took place in Italy in the 1970s, during which at country level and globally the formerly stable registered trends of fast economic growth, high capital accumulation and falling income inequalities became subverted, leading to a regime of slow growth, lower capital accumulation and growing income inequalities which currently prevails. Based mainly on the analysis of Italian literature, the paper aims to show how this restructuring process was first relevantly affected by changes in macroeconomic environment and then it significantly influenced the evolution of the very same macro-environment in which Italian firms operated. This reciprocal influence between firm restructuring and macroeconomic environment change therefore led to self-enhancing trends which, it can be argued, are still affecting, although partially, Italian economy even today. Thus it is argued that in the case of Italy, the productive decentralization process can be considered to be one of the most relevant factors supporting change in the macroeconomic trends occurring since the end of the 1970s. The conducted analysis can be also considered a useful case study of the reciprocal inter-linkages between firms’ restructuring processes and the macroeconomic environment evolution, which can take place in any economic system.
PL
Artykuł zawiera wstępną ocenę wpływu pandemii Covid-19 na włoską gospodarkę. Wpływ pandemii analizowany jest z trzech punktów widzenia: otoczenia instytucjonalnego i różnic między władzami centralnymi oraz lokalnymi; wpływu na realną gospodarkę i różnic sektorowych; roli sektora bankowego we wspieraniu realnej gospodarki podczas kryzysu i po nim. Podkreślono w jaki sposób pandemia wpłynęła na włoskie regiony i sektory gospodarki, oraz rozważono kwestie polityki europejskiego sektora bankowego.
EN
This paper provides a first assessment of the effect of the Covid-19 emergency on the Italian economy. The impact of the pandemic is analyzed from three points of view: the institutional settings and the differences in power between the central and local governments; the impact on the real economy and sectoral differences; the role of the banking sector in supporting the real economy during and after the crisis. The paper highlights how the pandemic affected Italian regions and sectors differently, and presents policy consideration regarding the European banking sector.
EN
The article analyzes the stages of economic development in Italy from the mid-19th century to the 1990s. The Italian economy is an interesting example among developed capitalist countries. In the post-war years, Italy, starting from a low level of economic development, quickly became one of the world’s industrial powers. The 1950s and 1960s were a period of dynamic industrialization of this country, which resulted in the emergence and dynamic development of a number of modern industries, especially chemical and engineering. Italy was even considered an example of an “economic miracle”. The main feature of this period was the rapid growth of gross national product (GNP) and net national product (NNP), which was accompanied by a high investment rate, dynamic growth in exports, a significant reduction in unemployment and profound changes in the structure of employment. Since the mid-1990s, the Italian economy has been developing significantly slower than the EU average.
PL
W artykule przeanalizowano etapy rozwoju gospodarczego Włoch od połowy XIX w. do lat 90. XX w. Gospodarka Włoch stanowi ciekawy przykład wśród rozwiniętych krajów kapitalistycznych. W latach powojennych Włochy, startując z niskiego poziomu rozwoju gospodarczego, w dość szybkim tempie stały się jedną z potęg przemysłowych świata. Lata 50. i 60. były okresem dynamicznego uprzemysłowienia tego kraju, który spowodował powstanie i dynamiczny rozwój szeregu nowoczesnych gałęzi przemysłu, zwłaszcza chemicznego i maszynowego. Włochy były nawet uważane za przykład „cudu gospodarczego”. Główną cechą tego okresu był szybki wzrost produktu narodowego brutto (PNB) i netto (PNN), któremu towarzyszyła wysoka stopa inwestycji, dynamiczny wzrost eksportu, znaczne obniżenie bezrobocia oraz głębokie zmiany w strukturze zatrudnienia. Od połowy lat 90. ubiegłego wieku gospodarka włoska rozwija się wyraźnie wolniej niż przeciętna dla krajów UE.
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